Ollie’s Bargain Outlet (NASDAQ:OLLI) Given Neutral Rating at JPMorgan Chase & Co.

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday,Benzinga reports. They currently have a $70.00 target price on the stock, down from their previous target price of $152.00. JPMorgan Chase & Co.‘s target price indicates a potential upside of 10.47% from the stock’s previous close.

OLLI has been the topic of a number of other research reports. Loop Capital restated a “buy” rating and set a $135.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Wells Fargo & Company decreased their price objective on Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Royal Bank Of Canada decreased their price objective on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Bank of America restated a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. Finally, Truist Financial set a $112.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.53.

Ollie’s Bargain Outlet Stock Down 6.9%

OLLI traded down $4.66 on Wednesday, reaching $63.37. The company had a trading volume of 1,394,020 shares, compared to its average volume of 1,573,032. Ollie’s Bargain Outlet has a 1 year low of $63.69 and a 1 year high of $141.74. The stock has a market capitalization of $3.83 billion, a PE ratio of 15.53, a P/E/G ratio of 1.20 and a beta of 0.47. The stock has a 50-day moving average price of $78.86 and a 200-day moving average price of $96.08.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same quarter last year, the company posted $0.75 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, analysts expect that Ollie’s Bargain Outlet will post 4.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in Ollie’s Bargain Outlet by 28.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after buying an additional 615 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Ollie’s Bargain Outlet by 993.4% in the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock worth $251,000 after acquiring an additional 1,957 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 42.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after acquiring an additional 133,537 shares during the period. Empowered Funds LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at about $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 12.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock valued at $21,342,000 after acquiring an additional 19,837 shares in the last quarter.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.